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Drug Discovery Informatics Market Potential Growth 2021

03-09-2021 09:10 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Drug Discovery Informatics

Drug Discovery Informatics

The future of drug discovery informatics will be the assimilation of distributed and heterogeneous data. Domain specific data mining and data integration such as genomic and chemical data will continue to offer significant opportunities for drug discovery informatics. Procurement and management of graphical, textual and undefined data are some of the challenges in this field. However, these will become a vital part of data searching as well as building knowledge and information-bases. These factors will eventually lead to the growth of the data discovery informatics market during the forecast period.

Increasing chronic illnesses such as cancer, cardiovascular diseases (CVD), and diabetes mellitus is the chief concern for healthcare professionals and government organizations around the globe. The U.S. government in association with President’s Council of Advisors on Science and Technology (PCAST) has taken initiatives intended to improve financial stimulus to induce modernization in the pharmaceutical industry, which will drive the overall market for drug discovery informatics.

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With the advent of technology, innovative cloud-based and analytics technologies, storage and analysis of large amount of data is now possible at a lower cost. For example, Infosys popularized a cloud-based application to accelerate the management of data services for clinical trials. This in turn is likely to drive the whole drug design procedure. Infosys has been working in partnership with various clinical trial organizations and pharmaceutical companies to master the application and to provide easy access and management of data.

The facilities that are offered can be outsourced to other organizations or can be used in-house via licensed solutions. In-house informatics segment holds a significant market share in the present scenario owing to the presence of information technology platforms in most of the companies. However, outsourced informatics segment is likely to grow at a considerable pace during the forecast period as the key industry players are opting for collaborations with the IT providers to increase their access to the tools and databases for clinical drug discovery.

Europe accounted for the major market share in the drug discovery informatics market. Some of the major factors for the same are rise in the clinical discovery ventures as well as various activities carried out by research institutes, universities, and companies. Nonetheless, Asia Pacific is predicted to grow at a significant pace during the forecast period owing to high prospect of drug nanotechnology sector in this region as well as advancements in research software.

Some of the key players operating in the global drug discovery informatics market are Albany Molecular Research, GVK Biosciences, Infosys, Certara, ChemAxon, Jubilant Biosys, DiscoverX, Novo Informatics, Charles River Laboratories, Boehringer Ingelheim GmbH, and Selvita.

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Highlights of the Report:

A comprehensive background study, including an overview of the parent market
Important changes in market dynamics Market
Segmentation up to the second or third stage
The historical, existing and expected market size in terms of both value and volume
Reporting and evaluation of recent industry developments Market shares and strategies of key players
Market shares and strategies of key players
New niche segments and regional markets
Strategic evaluation of market trends
Recommendations to businesses to improve their market position.

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About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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